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480 West 187th Street, New ...

Avraham Dishi Acquires 59,482 SF Apartment In Washington Heights For $15.3M
SOLDMultiFamily

Avraham Dishi Acquires 59,482 SF Apartment In Washington Heights For $15.3M

480 West 187th Street, New York City, New York 10033, United States

$15,278,612

$256/SF

Building Size

59,482 SF

Asset Type

MultiFamily

Closing

Mar 3, 2022

AI

The property involved in this transaction is an apartment located at 480 West 187th Street in Washington Heights, Manhattan. The apartment is zoned as R7-2 and has a lot size of 15,450 square feet. The lot dimensions are 113.83 ft x 127 ft.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $15,278,612
  • Market: Washington Heights, Manhattan
  • Buyer: Avraham Dishi
  • Seller: Eli Schron
  • BSF (Building Square Footage): 53,148
  • PPBSF (Price per Building Square Foot): $287
  • SF (Total Square Footage): 59,482
  • PPSF (Price per Square Foot): $256
  • FAR (Floor Area Ratio): 3.85
  • Tax Class: 2
  • Permits: Alteration (11/23/2021)

The buyer in this transaction is Avraham Dishi, represented by his broker, and the seller is Eli Schron. The transaction price for the property was $15,278,612. The building has a total of 53,148 square feet of space, with a price of $287 per square foot. The total square footage of the property is 59,482, with a price of $256 per square foot. The floor area ratio is 3.85 and the property is classified as tax class 2. The property also received an alteration permit on November 23, 2021.

Players

Eli Schron

Cammeby’s International Group

Broker

$183.1M

vol

10 deals

Broker

Avraham Dishi

Buyer

$101.1M

vol

10 deals

Buyer
Eli Schron

Eli Schron

Seller

$183.1M

vol

10 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93